Toyo Tires will transfer its 86% stake in Toyo Tire Zhangjiagang (TTZ), a passenger car and light truck tire manufacturing subsidiary in China, to Liaoning Hengdasheng Investment (LHI), signing a basic agreement on February 14. The company has decided to review its China business in its global business strategy, as the penetration of its brand and product power has been...
Yokohama Rubber held a groundbreaking ceremony for a new passenger car tire plant in Hangzhou, China on December 16, 2024. The ceremony was attended by the mayor of Hangzhou and many other government officials. Also in attendance were Masataka Yamaishi, Chairman and CEO of Yokohama Rubber, and Shinji Seimiya, President and COO. The new plant is the first of a...
The impact of China’s overproduction, which has become a global problem for steel and commodity resins, is spreading to synthetic rubber as well. First in line are commodity synthetic rubber products for tires, but will it spread to other types of products as well? On October 25, Ube announced that it has resolved to dissolve its equity method affiliate Lotte...
Yokohama Rubber will build a new passenger car tire plant in China. The production capacity will start at 9 million tires per year and is expected to expand in the future. The investment will be 1.96 billion yuan ($269.62 million), with production scheduled to begin in the second quarter of 2026. The construction of the new plant is in response...
Bando Chemical started operation of a solar power generation system on the roof of Bando Belt Tianjin, its subsidiary in China, in December as part of its efforts to achieve carbon neutrality and utilize clean energy. The newly installed solar power generation system has a generating capacity of 741 kW, with a projected annual power output of 850 MWh per...
Conveyor belt and automotive conductive belt manufacturer Bando Chemical has in December begun operating a solar power generation system on the roof of its subsidiary in China, Bando Belt (Tianjin). The move is part of the company’s efforts to achieve carbon neutrality and to utilize clean energy. The newly installed solar power generation system has a generating capacity of 741...
